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Rowan Drive, Verwood, Dorset, BH31

South East

£500,000
Listed on 06/04/2023

Property Details

Bedrooms
3
Type
Bungalow
Area
1205 sqft

Description

This generously-sized detached bungalow is located in a sought-after cul-de-sac, conveniently adjacent to a pathway leading to Potterne Park and further on to Moors Valley Country Park. While the property features UPVC fascia, primarily double-glazed windows, and gas central heating, it presents considerable potential for modernisation and layout reconfiguration, subject to obtaining the necessary planning permissions. The entrance porch welcomes you with a tiled floor and a UPVC double-glazed door that leads into the hallway equipped with multiple storage options and access to the loft. The kitchen includes an array of base cupboards, work surfaces, and integrated appliances but could benefit from an update to enhance its functionality and aesthetic appeal. The expansive lounge/dining area offers lovely garden views through UPVC doors, along with a stone fireplace that could be transformed into a focal point for contemporary living. The adjoining sunroom adds extra space for relaxation or entertainment but may require modernization. Three well-proportioned bedrooms are complemented by two bathrooms — one being an en-suite — which also present opportunities for refurbishing or expanding into more luxurious spaces. Outside, the property boasts ample parking with a tarmac driveway and low-maintenance front gardens, while the rear garden provides potential for landscaping improvements. An integral garage is available for conversion possibilities as well. Overall, this bungalow possesses significant investment appeal for those looking to create their ideal home in a delightful setting.

Investment Analysis

(BH31 area)

Above Market Value

This property is priced +6.2% above area average per sq ft

+6.2%
This Property
£415/sq ft
Area Average
£391/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£517,807
10% above area average per sq ft
Potential ROI
-5.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (BH31)

Area prices are falling by -7.1% over the last 12 months
3 year growth: -9.0%
5 year growth: +3.6%
Investment Disclaimer: Analysis based on BH31 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Rowan Drive, Verwood, Dorset, BH31
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,771
Based on a loan of £375,000 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

Price History

-12.3% since listed
£500,000£35,000(-6.5%)
17/01/2026
Current price
£535,000£15,000(-2.7%)
01/08/2023
£550,000£20,000(-3.5%)
26/06/2023
£570,000Initial listing
05/04/2023

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